- Zacks
AmEx (AXP) Buys Tock for $400M to Lock in High-End Businesses
AmEx (AXP) also agrees to buy technology company Rooam, which runs mobile payments, to expand its mobile ordering and payment capabilities.
- Reuters
AmEx to buy restaurant booking platform Tock for $400 million
(Reuters) -American Express is buying Squarespace-owned restaurant booking platform Tock for $400 million to expand its foothold in the dining industry, a category that accounted for $100 billion in spending on its cards last year. The all-cash deal, unveiled on Friday, will build upon the credit card giant's acquisition of online restaurant reservation platform Resy in 2019. Resy helps AmEx cardholders get special access to some restaurants, including exclusive reservations, early notifications or cashback on certain bookings made through the platform.
- Benzinga
Your Favorite YouTubers' Sponsor Is Going Private In $6.9 Billion Takeover
Squarespace (NYSE:SQSP), a website development platform, has announced a definitive agreement to be taken private by Permira, a global private equity firm. This all-cash transaction is valued at approximately $6.9 billion. Major shareholders, including CEO Anthony Casalena and long-term investors General Atlantic and Accel, holding about 90% of the company's voting shares, have agreed to support the deal. The transaction’s completion is contingent on regulatory approvals and the consent of a maj
